Gerald L. Morgan - Feb 24, 2022 Form 4 Insider Report for Texas Roadhouse, Inc. (TXRH)

Role
CEO, President, Director
Signature
/s/ Sean Renfroe, by Power of Attorney
Stock symbol
TXRH
Transactions as of
Feb 24, 2022
Transactions value $
-$1,241,313
Form type
4
Date filed
2/28/2022, 07:42 PM
Previous filing
Jan 11, 2022
Next filing
May 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TXRH Common Stock Options Exercise $0 +1.25K +1.66% $0.00 76.8K Feb 24, 2022 Direct F1
transaction TXRH Common Stock Tax liability -$51.5K -585 -0.76% $88.02 76.2K Feb 24, 2022 Direct
transaction TXRH Common Stock Award $0 +28.2K +36.99% $0.00 104K Feb 25, 2022 Direct F2
transaction TXRH Common Stock Tax liability -$1.19M -13.2K -12.64% $90.22 91.2K Feb 25, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TXRH Restricted Stock Units Options Exercise $0 -1.25K -100% $0.00* 0 Feb 24, 2022 Common Stock 1.25K Direct F3, F4
holding TXRH Restricted Stock Units 12.2K Feb 24, 2022 Common Stock 12.2K Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units that are fully vested on the transaction date.
F2 Effective upon the issuance of the Company's audited financial statements on February 25, 2022, the Company's compensation committee certified the achievement of specified financial performance goals that determined the number of previously granted performance restricted stock units, which vested on January 8, 2022, but became reportable on February 25, 2022.
F3 Each restricted stock unit represents a conditional right to receive one share of the Company's common stock.
F4 The restricted stock units vested on February 24, 2022. Delivery of the shares to the reporting person occurred on February 24, 2022.
F5 The restricted stock units vest on January 8, 2023. Delivery of the shares to the reporting person will occur on January 9, 2023, subject to the reporting person's continued service with the Company.